Page 12: of Maritime Reporter Magazine (March 2002)

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IFS And DNV Join

Forces On IT Project

IFS Norway AS and Det Norske Veri- tas (DNV) have agreed to combine their technology by developing an IT solution for the international maritime market.

The solution will become the first of its kind on the global market and will be focused on ensuring stable and safe operations of Floating Production, Stor- age and Offloading (FPSO) vessels for oil production offshore.

The partners will present a prototype of an integrated solution combining the

DNV's solutions for design and strength assessments of FPSOs with the market- leading ERP business applications suite,

IFS Applications. The prototype will be presented in Spain at a conference relat- ed to the offset program with Spain in connection with the Norwegian Govern- ment's procurement of frigates to the

Royal Norwegian Navy from the Span- ish shipbuilding corporation Izar.

DNV Software and IFS represent some of the leading- edge environments within their markets. The solution they are about to jointly develop will cover all phases in the life cycle of a floating oil production vessel, i.e. the design of the vessel, the construction and the oper- ation offshore. This is a new concept where two leading players join forces by combining their expertise within hull construction and maintenance of such asset-intensive operations. The solution will provide completely new opportuni- ties to make fast and sound decisions to minimize downtime in the oil produc- tion without compromising safety on board. During the next five years it is expected that approximately 60 FPSO vessels will be built on the worldwide market. DNV Software's FPSO Package will be utilized in a number of these pro- jects for design and strength assess- ments. Combined with the IFS Applica- tions, the new solution will enable the operators to maintain a higher level of maintenance and thereby reduce down- time in the offshore oil production from these vessels.

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.